Corporate funding into the battery storage sector in the first quarter of this year totalled US$4.7 billion across 17 deals, a huge leap from the equivalent period of last year, according to a new report from Mercom Capital.
Hydrogen increasingly looks likely to have a role to play in achieving decarbonisation targets worldwide, and investments and innovation are scaling up. But costs remain high and for clean hydrogen to be most effective at integrating high shares of renewable energy, storage is a vital piece of the puzzle, writes Georgina Ainscow, a Senior Patent Attorney at Reddie & Grose, a firm of European and United Kingdom patent, trade mark and design attorneys.
In the first part of this interview with Swell Energy CEO Suleman Khan we heard about how Swell Energy has been working to ‘productise’ the virtual power plant proposition: making it attractive to utilities and to their end-customers and then wrapping that into a long-term agreement. This time out, we speak to Suleman about some of the finer details of the VPP proposition and where he thinks the market is heading.
The Canadian federal government is financially supporting the development of a large-scale advanced compressed air energy storage (A-CAES) project capable of providing up to 12 hours of energy storage.
Construction of two large-scale solar-plus-storage projects has begun on the Hawaiian island of O’ahu, totalling 76MW of solar PV and 300MWh of battery storage, by Clearway Energy Group.
Canada-headquartered lithium-ion battery recycling specialist Li-Cycle will build its third facility in Arizona, joining plants the company already operates in Ontario and New York State.
